February 9, 2013 -- Cardinal Health, a US drug distributor, spent $120 million to acquire six China drug distributors during the last year, paying less than $30 million for each one; 3SBio of Shenyang will be taken private by Dr. Jing Lou, its Chairman and CEO, along with a CITIC Private Equity company; Neusoft, a China software company, will buy out Phillips, its medical imaging JV partner; Zheijang Hisun Pharma will not purchase China rights for Celsion’s cancer drug, which failed its Phase III trial; Grandhope Biotech of Guangzhou in-licensed China rights to an autologous stem cell tendon-repair technology from Orthocell of Australia; CVie Therapeutics, a Lee's Pharma (HK: 00950) subsidiary, bought China rights to a Dyax treatment for hereditary angioedema; Janssen Pharma, a division of Johnson & Johnson, officially opened its China R&D Center in Shanghai Fenglin Life Science Park; and Solasia of Japan received SFDA permission to begin China trials of its anti-nausea patch product. More details….